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In June 2022, the Uyghur Forced Labor Prevention Act (UFLPA) was enacted into law, increasing the pressure on companies importing goods from overseas to document that their supply chains are free from forced labor.
To date, this is the only federal law in the U.S. focused specifically on Environmental, Social & Governance (ESG), and it passed by overwhelming majorities in both houses of Congress. The U.S. government has pledged to strictly enforce the law, requiring companies now, more than ever, to focus on responsible sourcing and documenting their risk mitigation strategies.
For this reason, it is imperative that importers have a comprehensive process in place to fully vet their suppliers, including confirming that the supplier can verify the sources of all inputs used in the manufacture or production of the imported merchandise.
In June 2022, the Uyghur Forced Labor Prevention Act (UFLPA) was enacted into law. Download our checklist for a categorized breakdown of the information you’ll need to comply.
The pressure on U.S. companies importing goods from overseas to document that their supply chains are free from forced labor has never been greater or more critical.
In a decision handed down by the United States Court of International Trade (CIT) on February 9, 2023 in Meyer Corporation, U.S. v. United States, the CIT again ruled against the application of the “First Sale Rule” (FSR) for cookware imported from China or Thailand and manufactured with Chinese components, but on different grounds from its first decision issued in 2021.
CBP has issued operational guidance for the implementation of the Uyghur Forced Labor Prevention Act and DHS has released a strategy document.
Importers participating in the U.S. Customs-Trade Partnership Against Terrorism (“CTPAT”) trade compliance program are being offered certain benefits in connection with recently introduced program requirements regarding the prevention of forced labor within their supply chain.
Summary U.S. Senate Committee Announces Probe into Alleged Forced Labor Involving Major Automakers
In this episode, we discuss new ESG policies around forced labor being implemented stateside that will impact retailers in a big way.
How to navigate the UFLPA, its implications, and ways to ensure your company is prepared.
Companies will need to be increasingly focused on ensuring proper documentation indicating their merchandise is free of forced labor.
With decades of industry experience, BDO can help position your dealership to take advantage of emerging trends and set a strategic course for a promising future.
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